A Borel subgroup of a linear algebraic group $G$ is a subgroup $B$ of $G$ such that $G/B$ is proper and such that $B$ is minimal with respect to this property. For example, the group $B$ of upper triangular invertible matrices is a Borel subgroup of the group $GL_n$; the quotient $GL_n/B$ is the space of maximal flags in an $n$-dimensional vector space.
Over an algebraically closed field, every reductive group contains a Borel subgroup. I have read that over an arbitrary field, there are examples of reductive groups that do not contain any Borel subgroups. Can someone give an example of such a reductive group?
Let $k$ be a field of characteristic $p$ admitting a nontrivial central division algebra $D$. I claim that the algebraic group $G=GL_1(D)$ has no Borel subgroups. It is a general fact that the geometric unipotent radical of a Borel subgroup descends to a split unipotent group defined over $k$. (Here split unipotent means admitting a composition series with composition factors the additive group $\mathbb G_a$.) Therefore, if $G$ has a Borel subgroup then $G$ contains a copy of $\mathbb G_a$. Since $\mathbb G_a(k)$ has elements of order $p$, it would then follow that $G(k) = D^\times$ has elements of order $p$.
On the other hand, every nonzero element $\alpha$ of the group $D$ lies in a finite extension $k(\alpha)$ of $k$. In characteristic $p$, no field element can have order $p$, since the polynomial $x^p-1$ factors as $(x-1)^p$. Hence $GL_1(D)$ has no Borel subgroups.
(This is example is from Brian Conrad's notes on algebraic groups.)